2022
Exports
$283MWorld Rnk 122 / 216
Flag Rnk 11 / 96
falsefalse Argentina
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$2.48BWorld Rnk 93 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Uruguay
0.15Rnk 57 / 133

About

Exports In 2022, Uruguay exported $283M in Mineral fuels, mineral oils and products of their distillation, making it the 122nd largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 11th most exported product in Uruguay. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Uruguay are: Argentina ($158M), Singapore ($79.4M), South Korea ($39.6M), Brazil ($6.39M), and Paraguay ($220k).

Imports In 2022, Uruguay imported $2.48B in Mineral fuels, mineral oils and products of their distillation, becoming the 93rd largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Uruguay. Uruguay imports Mineral fuels, mineral oils and products of their distillation primarily from: United States ($1.35B), Brazil ($372M), Nigeria ($259M), Argentina ($138M), and India ($82.2M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Uruguay between 2021 and 2022 were United States ($764M), Brazil ($355M), and Argentina ($73.8M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Mineral fuels, mineral oils and products of their distillation. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$283M
IMPORTS (2022)$2.48B
NET TRADE (2022)-$2.19B

In 2022, Uruguay exported $283M in Mineral fuels, mineral oils and products of their distillation. The main destinations of Uruguay exports on Mineral fuels, mineral oils and products of their distillation were Argentina ($158M), Singapore ($79.4M), South Korea ($39.6M), Brazil ($6.39M), and Paraguay ($220k).

In 2022, Uruguay imported $2.48B in Mineral fuels, mineral oils and products of their distillation, mainly from United States ($1.35B), Brazil ($372M), Nigeria ($259M), Argentina ($138M), and India ($82.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Uruguay's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Uruguay's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALSouth Korea+ $14.2M
TOP IMPORT POTENTIALBrazil+ $129M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is South Korea. With an export gap of $14.2M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Brazil with an import gap of $129M.

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